Save Money on Porsche 911 Insurance in Riverside

Insurance for Porsche 911Do you need a fast way to compare the cheapest Porsche 911 insurance in Riverside? Searching for better insurance prices for a Porsche 911 in California could be an all-consuming task, but you can learn our auto insurance buying tips to make it easier. There are more efficient ways to buy auto insurance so we’re going to tell you the proper way to get price quotes for your Porsche and get the lowest price from both online companies and Riverside agents.

It’s an obvious conclusion that auto insurance companies don’t want their customers to go rate shopping. Drivers who compare rates annually are highly likely to switch auto insurance companies because they have a good chance of finding a more affordable policy. A study discovered that drivers who shopped around annually saved about $3,450 over four years compared to drivers who don’t make a habit of comparing rates.

If finding the lowest price for insurance is your objective, learning the best ways to shop for insurance premiums can help you be more efficient.

You should take the time to price shop coverage every six months because prices trend upward over time. Even if you think you had the best price on Porsche 911 insurance in Riverside a couple years back you will most likely find a better rate quote today. Block out anything you think you know about auto insurance because we’re going to demonstrate one of the easiest ways to save money, get proper deductibles and limits, all at the lowest rate.

Buying affordable insurance in Riverside is really quite easy. If you’re already insured or need new coverage, take advantage of these tips to save money without having to cut coverage. Smart shoppers just have to use the proper way to quote multiple rates from many different companies.

Lowering your Porsche 911 car insurance rates is an easy way to save money. You just need to spend a few minutes getting comparison quotes from online providers.

The companies shown below are ready to provide free rate quotes in California. If several companies are displayed, we recommend you compare several of them in order to find the most competitive rates.

Rates and other information

The information shown below outlines detailed analysis of insurance rates for Porsche 911 models. Learning as much as possible about how insurance policy rates are determined is important for making smart choices when selecting a policy.


Porsche 911 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $364 $684 $578 $34 $174 $1,834 $153
911 Carrera 4 2-Dr Coupe $396 $684 $578 $34 $174 $1,866 $156
911 Carrera 2 Cabriolet 2-Dr Convertible $396 $684 $492 $30 $148 $1,750 $146
911 Carrera 2 S 2-Dr Coupe $396 $684 $578 $34 $174 $1,866 $156
911 Carrera 4 Cabriolet 2-Dr Convertible $396 $684 $492 $30 $148 $1,750 $146
911 Carrera 4S 2-Dr Coupe $396 $748 $578 $34 $174 $1,930 $161
911 Carrera Targa 2-Dr Coupe $396 $748 $578 $34 $174 $1,930 $161
911 Carrera 2 S 2-Dr Convertible $396 $748 $492 $30 $148 $1,814 $151
911 Carrera 4S Cabriolet 2-Dr Convertible $426 $684 $492 $30 $148 $1,780 $148
911 Carrera Targa S 2-Dr Coupe $426 $748 $578 $34 $174 $1,960 $163
911 GT3 2-Dr Coupe $426 $814 $578 $34 $174 $2,026 $169
911 GT3 RS 2-Dr Coupe $488 $878 $578 $34 $174 $2,152 $179
911 Turbo 2-Dr Coupe $488 $878 $578 $34 $174 $2,152 $179
911 Turbo 2-Dr Convertible $488 $942 $492 $30 $148 $2,100 $175
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Table data does not factor in Riverside location which can affect insurance rates greatly.

Deductible analysis

One common question asked by Riverside drivers is which comprehensive and collision deductibles to buy. The following tables summarize the rate difference when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of rates uses a $500 deductible.


Porsche 911 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $518 $1088 $442 $26 $132 $2,231 $186
911 Carrera 4 2-Dr Coupe $562 $1088 $442 $26 $132 $2,275 $190
911 Carrera 2 Cabriolet 2-Dr Convertible $562 $1088 $376 $22 $112 $2,185 $182
911 Carrera 2 S 2-Dr Coupe $562 $1088 $442 $26 $132 $2,275 $190
911 Carrera 4 Cabriolet 2-Dr Convertible $562 $1088 $376 $22 $112 $2,185 $182
911 Carrera 4S 2-Dr Coupe $562 $1190 $442 $26 $132 $2,377 $198
911 Carrera Targa 2-Dr Coupe $562 $1190 $442 $26 $132 $2,377 $198
911 Carrera 2 S 2-Dr Convertible $562 $1190 $376 $22 $112 $2,287 $191
911 Carrera 4S Cabriolet 2-Dr Convertible $606 $1088 $376 $22 $112 $2,229 $186
911 Carrera Targa S 2-Dr Coupe $606 $1190 $442 $26 $132 $2,421 $202
911 GT3 2-Dr Coupe $606 $1294 $442 $26 $132 $2,525 $210
911 GT3 RS 2-Dr Coupe $692 $1396 $442 $26 $132 $2,713 $226
911 Turbo 2-Dr Coupe $692 $1396 $442 $26 $132 $2,713 $226
911 Turbo 2-Dr Convertible $692 $1498 $376 $22 $112 $2,725 $227
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Porsche 911 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
911 Carrera 2 2-Dr Coupe $420 $878 $442 $26 $132 $1,898 $158
911 Carrera 4 2-Dr Coupe $456 $878 $442 $26 $132 $1,934 $161
911 Carrera 2 Cabriolet 2-Dr Convertible $456 $878 $376 $22 $112 $1,844 $154
911 Carrera 2 S 2-Dr Coupe $456 $878 $442 $26 $132 $1,934 $161
911 Carrera 4 Cabriolet 2-Dr Convertible $456 $878 $376 $22 $112 $1,844 $154
911 Carrera 4S 2-Dr Coupe $456 $960 $442 $26 $132 $2,016 $168
911 Carrera Targa 2-Dr Coupe $456 $960 $442 $26 $132 $2,016 $168
911 Carrera 2 S 2-Dr Convertible $456 $960 $376 $22 $112 $1,926 $161
911 Carrera 4S Cabriolet 2-Dr Convertible $492 $878 $376 $22 $112 $1,880 $157
911 Carrera Targa S 2-Dr Coupe $492 $960 $442 $26 $132 $2,052 $171
911 GT3 2-Dr Coupe $492 $1042 $442 $26 $132 $2,134 $178
911 GT3 RS 2-Dr Coupe $564 $1126 $442 $26 $132 $2,290 $191
911 Turbo 2-Dr Coupe $564 $1126 $442 $26 $132 $2,290 $191
911 Turbo 2-Dr Convertible $564 $1208 $376 $22 $112 $2,282 $190
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate quotes do not factor in zip code location which can lower or raise premiums noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $31 more each month or $372 every year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you average at a minimum 8 months between claims, you would save more money if you elect the higher deductible. The table below shows the way this calculation is made.

Average monthly premium for $250 deductibles: $200
Average monthly premium for $500 deductibles (subtract): – $169
Monthly savings from raising deductible: $31
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 8 months

One thing to be aware of is that a higher deductible results in a higher out-of-pocket expense at claim time. You need to have a higher level of savings in order to pay more to get your vehicle repaired.

Full coverage versus liability only rates

The diagram below illustrates the comparison of Porsche 911 annual premium costs when comparing full coverage to state minimum liability only. Data assumes no driving violations, no at-fault accidents, $500 deductibles, single status, and no policy discounts are applied.

When to stop paying for full coverage

There is no definitive rule to eliminate full coverage, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Porsche 911 replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying more than $800 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some cases where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Five factors that influence insurance rates

Many different elements are taken into consideration when quoting car insurance. Some of the criteria are obvious such as traffic violations, although others are more transparent like where you live or your vehicle rating.

The itemized list below are some of the items used by insurance companies to determine your rates.

Don’t cancel your policy without a new one in place – Driving any period of time without insurance is not a good idea and auto insurance companies will penalize you for letting your insurance expire. Not only will you pay more, not being able to provide proof of insurance could earn you fines or a revoked license.

Is auto insurance cheaper for women or men? – Statistics have proven that females take fewer risks when driving. However, this does not mean men are WORSE drivers than women. They both cause fender benders in similar numbers, but the male of the species have costlier accidents. Not only that, but men also receive more major tickets like DUI and reckless driving.

The illustration below illustrates the difference between Porsche 911 car insurance rates for male and female drivers. The data is based on no claims, a clean driving record, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are applied.

High performance equals high premiums – The make and model of the vehicle you are insuring makes a significant difference in your auto insurance rates. The most favorable rates will generally be found on small economy passenger cars, but that’s not the only thing that factors into the final price.

The next chart is based on a single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Porsche 911 insurance rates compared to other makes and models that have different risk factors.

Expect high rates for teens – Older insureds are proven to be safer behind the wheel, cost insurance companies less in claims, and are generally more financially stable. Inexperience drivers have a tendency to be less responsible behind the wheel so auto insurance rates are higher.

The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Better prices on safer vehicles – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles result in less severe injuries and lower rates of occupant injuries means lower claim amounts and thus lower rates. If your Porsche 911 earned at least four stars on Safercar.gov it is probably cheaper to insure.

Insurance loss probability for a Porsche 911 – Companies take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Vehicles that are shown to have increased losses will have higher rates for specific coverages.

The information below illustrates the actual insurance loss data for Porsche 911 vehicles. For each policy coverage, the loss probability for all vehicles, as an average, is a value of 100. Numbers below 100 mean the vehicle has better than average losses, while percentage values above 100 indicate higher probability of having a loss or tendency to have higher losses.


Porsche 911 Insurance Loss Statistics
Specific Porsche Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Porsche 911 Carrera 2dr 191 47 173 24
Porsche 911 Carrera Convertible 197 51 224 36
Porsche 911 Turbo 2dr 4WD 349 367
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Insurance does more than just repair your car

Even though Riverside 911 insurance rates can get expensive, insuring your vehicle is not optional due to several reasons.

The benefits of buying insurance more than cancel out the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying more than $850 per year so you should quote and compare rates each time the policy renews to make sure the price is not too high.